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14 N State St
Iola, KS 66749
Regency Inn · Hospitality Property For Sale
·
54 Rooms
Investment Highlights
- 54 Room Hospitality Asset ($34,259/Room)
- In Place Cash Flow (NOI $250,000)
- Diverse Demand Drivers
- Owner Selling Real Estate & Business
- Offers Short and Long Term Stays
Executive Summary
Secure a lucrative foothold in the heart of the city with the Regency Inn, a premier hospitality property located at 14 N State St, Iola, KS 66749. This 54-key, two-story hotel spans 35,540 square feet on a prominent 1.35-acre lot zoned C-4, presenting a highly efficient, turnkey acquisition. Offering unparalleled financial strength for savvy investors, this opportunity boasts a powerful 50% Net Operating Income (NOI), consistent income streams, and an exceptional cash-on-cash return—selling at an attractive 2.8 times revenue. Perfect for a smooth operational transition, the asset is uniquely positioned for massive upside under an absentee owner. Financing is already structured for maximum accessibility, featuring a lender-approved prequalification with just 15% down. Priced aggressively at $1,499,900 ($27,776 per key), this high-yield commercial asset is engineered to deliver strong, immediate cash flow that will exceed market expectations. Inquire today to secure a rewarding addition to your portfolio.
Property Facts
| Price Per Room | $27,759 | Building Size | 35,540 SF |
| Sale Type | Investment | No. Rooms | 54 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1965 |
| Building Class | C | Parking Ratio | 1.52/1,000 SF |
| Lot Size | 1.35 AC | Corridor | Exterior |
| Zoning | C-4 - Commercial | ||
| Price Per Room | $27,759 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.35 AC |
| Building Size | 35,540 SF |
| No. Rooms | 54 |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.52/1,000 SF |
| Corridor | Exterior |
| Zoning | C-4 - Commercial |
Amenities
- High Speed Internet Access
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 54 | $45.00 | - |
Property Taxes
| Parcel Number | 078-27-0-40-13-005.00-0 | Improvements Assessment | $31,068 |
| Land Assessment | $3,100 | Total Assessment | $34,168 |
Property Taxes
Parcel Number
078-27-0-40-13-005.00-0
Land Assessment
$3,100
Improvements Assessment
$31,068
Total Assessment
$34,168
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